Asset protection

Asset protection as a concept refers to guarding one's wealth.It is a type of planning intended to protects assets of a natural - or a legal person against creditor claims. These kind of creditor claims usually occur in a situation of divorce or bankruptcy.

Asset protection done in advance and in a legal manner, will limit creditors access to valuable assets. The opposite to asset protection are fraudulent transfers and concealment which are strictly forbidden by law.

We cannot stress too much that a truly effective and legal asset protection strategy has to begin before a claim or liability occurs.